IMF Rescue Package Reforms
Impact South Korean Stocks

South Korean stocks edged 0.6% higher before news late in the day in Asia that a $55 billion rescue package led by the International Monetary Fund had been wrapped up.

The pact, which had been delayed two days by haggling over details, had little impact on other world markets, with Europe mixed and Tokyo down 1.9%. But in New York, stocks of Korean companies that trade in the U.S. fell on fears that reforms tied to the IMF aid may...